Overview
- Shares have fallen about 24% in under a month to roughly $152–153, down from $199.72 on November 10, according to the latest analysis.
- Analyst sentiment remains broadly positive with a Strong Buy consensus from 42 firms and a $216.62 average target that implies roughly 40% upside.
- Third‑quarter revenue reached $886 million, up 28% year over year, reflecting continued adoption of the company’s observability and security platform.
- Selling pressure has tracked macro shifts, including an 8.5% drop on November 20 after stronger jobs data dampened expectations for near‑term rate cuts.
- Reports highlight elevated valuation, higher operating costs, increasing competition, and a dip below the 50‑day moving average, with some models warning of further downside scenarios.